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The Aptos price fell 4% in the last 24 hours to trade at $10.13 as of 9.20 a.m. EST on trading volume that plunged 32% to $300.37 million.
Aptos has announced big moves for the future recently, including the next Aptos Improvement Proposal (AIP) Community Review Meeting scheduled for November 13.
This will be the next opportunity for community members to see the AIPs and discuss changes on the road to Mainnet.
📣 Big moves & big news:
The next Aptos Improvement Proposal (AIP) Community Review Meeting is on November 13! As a reminder, these sessions will give the community a first look at AIPs and the chance to discuss changes on the road to Mainnet.
Register:https://t.co/YqP1uHAfmq
— Aptos (@Aptos) October 23, 2024
Aptos Price Prediction
The last few hours have seen another attempt at recovery by the Aptos price, but its value was rejected after reaching the resistance at $10.20. The token managed to briefly surge all the way up to $10.25 before losing momentum.
Its Bollinger bands remain wide, however, with the Aptos price fluctuating between the upper band and the middle point between the two bands, which is still a bullish sign. Over the last two days, there were several instances when the APT price pushed the lower band further down, which was when the biggest price drops in the past week took place. However, it is clear that the token is starting to recover now.
When it comes to its Relative Strength Index (RSI), however, the last 24 hours have seen it go from the value of 22, deep in the oversold zone, to the value of 71.40, as the RSI entered the overbought area.
After that, the metric spiraled down to the neutral zone, hitting the value of 50 within two hours, but as soon as it did, the bulls made their move, not waiting for the sell-off to push the RSI back to the oversold area.
This shows optimism among traders, and could result in a new price surge in the next few hours, which could push the token’s price back to $10.20, and possibly beyond. For further gains, Aptos will depend on the more influential coins like Bitcoin to lead the market back up.
However, while the market is recovering, it is not seeing a sharp surge this time around, but rather a slow and steady increase, which Aptos is likely to follow.
Promising Alternative To Aptos
As Aptos slumps, investors might want to consider the new PolitiFi token FreeDum Fighters (DUM), which has blasted past $250k in its presale.
This is a new political project that has created two reward pools for investors, one supporting MAGATRON and the other KAMACOP 9000 — the project’s own fictional battle between a certain two presidential candidates.
After purchasing DUM, investors can stake their tokens by voting/staking for one of the candidates.
So far, 74% of investors have voted for MAGATRON, leaving them with an annual staking yield of 408%. With only 26% of token holders voting for KAMACOP, their staking yield is a stratospheric 1,767%.
Crypto YouTuber ClayBro, with 130k subscribers, says DUM might be the next 10x crypto.
DUM is currently priced at $0.00005 per token and can be bought with ETH, USDT, USDC, BNB, or SOL.
If you are interested to join investors who have socked $255k into the project, buy before a price hike in less than 6 hours.
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